BPCL Long ViewSymmetrical Triangle + Good Earnings + RSI trendline break suggests a buying opportunity.
Bpcllong
BPCL Buy signal at 345 support at the trend lineI will buy BPCL because :
It has been taking support at the trend line .
It has touched the trend line 2 times and has not been able to break it.
So will be looking at buying opportunities.
Entry : 345
Target : 442/490
Stop loss : 327
BPCL - Risky Pullback TradeBuy above 355 for targets of 365-370 with stop loss below 348. Trail SL closely due to downside risk.
BPCL - #LongSide => Series Of Ones & Twos. . . Be Ready !!!Great Setup With Great Risk To Reward Ratio. . . NSE:BPCL
BPCL is ready for a boom!BPCL is a good candidate for a short term move. There were lots of tails visible inside the range, which is a sign of demand and the demand finally overtook the supply on Thursday, when price rose 6%. Price also broke out of the range and a trendline as well. There was price contraction as well inside the range, in the form of NR7 candles. Cluster of NR7, or narrow range candles, suggest that price is currently going through a cycle of price contraction and it will be followed by a price expansion in the form of volatility. That is exactly what was visible on Thursday, when price expanded.
I am not a SEBI registered investment advisor and hence do not follow my analysis blindly.
Be aware of what you are trading and the risk associated with it.
Stock market is risky and you can lose a lot of your capital.
Be wise and trade carefully!
Grateful!🙏
BPCL Trade!I think it is the right to buy this stock. SL will be 395. Target is around 440 and 480-485.
bpclwave 2 has a retracement of 78.6%. the 3 wave is not extensive but normal which has a retracement level of 161.8%. the retracement of wave 4 is 38.2% still the price spends more time on wave 4.
if you want to grab the profit, you need to ride on the wave 5 which has a retracement level of 61.8%.
there are high chances of wave 5 to be extended.
target 525
BPCL looking only for buying opportunitylooking only for buying opportunity at support
always trade with stop-loss
manage your risk first profits comes later
BPCL - Some important points to note before taking move*Educational purpose
overall market is in bullish mode so , better avoid bearish trade in bpcl if it faces resistance
BPCL - Bullish BreakoutNote: This is for educational purpose only.
There is a bullish breakout after build up near resistance. However, as RSI is above 70, there might be some consolidation for few days or a pullback for a further rally.
BPCL stock to be taken for long One more buying opportunity in BPCL stock once again. so in next trading session once the trend line broken try to take the long entry with +ve candle above the level of 376 for the target price of 395. if stock able to cross the resist. area of 392 than we can see the 400 levels in the stock very soon. So add the stock in your watch list to see the price action movement.Try to identify these kind of levels. Also if we follow support & Resistance consistently we can become profitable trader in the market.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
Bharat Petroleum - Awaiting Bullish breakoutNote: This is for educational purpose only.
BPCL is seeing rise in buying volume.RSI above 50. Moreover, ascending triangle indicates bulls are taking control.
BPCL on "BULL MODE" ??BPCL wave 3 is all ready to break wave'1 high, aslo breakout of triangle can be seen.
Seems you'll get to see 415-420 in this week itself.
BPCL stock moving on uptrend. Good one for long entry.BPCL stock is moving on uptrend & trading above the 50 EMA level. Now this can be taken long above the level of 373 for the target shown in chart.
On day to day basis the stock is trading with high volume. Also on weekly time frame the stock is trying for the break out level. So add the stock in your watch list.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .kindly follow & like for more educational ideas.
BPCL - Trading Levels in the RangeCurrently the stock is in a defined range. One can use these levels for trading purpose.
